Congratulations to us.....we are starting the week at 60 Community Members. I encourage you to look around our Skool Site at some of the videos and information and check out the calendar of Events. Here's a preview of what is happening this Saturday, so you can plan ahead, and add us to your calendar. Meet & Greet Quality Foods 27 Helmcken Rd. (Across from the Victoria General Hospital) Saturday, February 14th @ 11:30am - 1:00pm We'll be Upstairs in the Small meeting Room of Quality Foods at 27 Helmcken Rd. Take some time out to join us for some great conversation, and enjoy a coffee, tea, a sandwich, or some great Chinese food. Join other like minded people who want to get into the Real Estate market, build equity, create tenure and build an understanding that Co-Owning a home is a great way to start! Also we will be live on the Skool Zoom link, just in case you can't join us in person. Here is the link https://www.skool.com/live/NQZmY4gYPRq Open House invite......Sharable Homes/Open House Tour Saturday, February 14th @ 1:30pm - 3pm (We will leave Quality Foods at around 1:00 PM) Join us as we check out the Grand Opening of the Temperate Place Showhome in the Oceanside Community of Royal Bay 3581 Temperate Place, hosted by Mike and Jenn of the South Island Home Team. (If you can't join us at the meet and greet, head straight to the Open House at 1:00 to get in on the giveaways) Enjoy coffee, refreshments, Gift Cards giveaways for Quality Foods $100, Pizza Pizza $75 Cascadia $75 PLUS the first 50 guests* receive a $10 Starbucks coffee card. If you go directly into the Skool Calendar you can have the event populate your calendar if you wish. Below are Floor Plans of a couple of the South Island Homes Team homes with legal suites, which I have priced out, to provide an idea of how the cost of the homes could potentially be shared. See you there. David

This home is located at 2508 Shakespeare St and has an Open House this Saturday Feb 7th from 1:30 to 3:00, which you are welcome to just show up at. It has 3 suites, with the main suite being totally renovated and gorgeous. It is located a few blocks away from the Royal Jubilee Hospital, so your tenants would be lining up, and could walk to work. Right now the whole property is being rented for $5515 per month, but if you wanted to live in the beautifully renovated suite yourself you could rent the 1 bedroom suite for about $1800.00 and the Tiny Home for $1350 for a total rent income of $3140 per month. Rent can be calculated at approximately $500 per $100,000 of Mortgage, so you could say $3000 rent divided by $500.00 = 6 or $600,000 worth of Mortgage. So for a house that's worth $1,200,000 (with minimum down payment) you can subtract about $600,000 in Mortgage costs, and you are paying for about $600,000 of the mortgage yourself, with your tenants or a Co-Owner paying the rest. I've included the lising, floor plans and a Mortgage Calculation sheet below that shows that after the 1st 5 year term you will have paid $179,519 towards the principal (or back in your pocket) That amounts to $2992.00 of every mortgage payment every month that goes back to your "Piggy Bank". If you rented for 5 years you would have 0 in your pocket. If any of this is fuzzy or confusing, don't worry. I'm happy to get on a call and explain it. (Maybe I'll do a Video) https://portal.onehome.com/en-CA/share/1137502z29643

Just in case you like to keep up on Skool News, here's the latest as of Feb 3rd.

Hello..... I decided to record a quick video update on today's "Coffee Hour". Our next big event will be Wednesday Feb 11th between 7:00 PM and 8:00 PM where Judy and Cyrena will unveil our new "Matchmaking Program". I think it will be the defining feature of our "Shared Home Ownership Program", and allow both "Buyers and Investors" to find each other through weighted questions. I also go over our next "Meet and Greet" at Quality Foods, and the next Open House Tour in Royal Bay in Colwood, where they have "Giveaways for the Early Birds". I've attached 2 brand new homes that we will view, and have broken them down into what the main house will sell for and the suite will sell for. Let me know what you think, and let's book a call soon.

We’re at 50 members and counting!! 👏